BlackRock MuniEnhanced Fund, Inc. (the Fund) is a closed-end fund. The Fund's investment objective is to provide shareholders with as high a level of current income exempt from federal income taxes as is consistent with its investment policies and prudent investment management. The Fund seeks to achieve its investment objective by investing at least 80% of its assets in municipal bonds exempt from federal income taxes. Under normal market conditions, the Fund invests primarily in long-term municipal bonds rated investment grade quality at the time of investment and invests primarily in long-term municipal bonds with maturities of more than 10 years at the time of investment. The Fund may invest directly in such securities or synthetically through the use of derivatives. BlackRock Advisors, LLC serves as the investment manager.